Word: kodak
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...half a dozen companies weighed in with stock splits and higher dividends. Rocket enginemaker Thiokol Chemical Corp., drugmaker Chas. Pfizer and Colgate-Palmolive split three for one, Lily-Tulip Cup two for one. Eastman Kodak, whose stock has nearly doubled in value, to $152.50 a share in the last two years, voted a new share of stock for each one held, then tacked another 9? per share onto its dividend. With that kind of news last week, who could blame anyone for buying a share of U.S. industry...
...plus much-improved wash-and-wear cloth. The new idea is to bring out improved synthetics every year in a campaign of planned obsolescence. This season alone, chemical and textilemen are introducing more than a dozen new synthetics. Each one is tailored to a special job. For example, Eastman Kodak's Tennessee Eastman Co. has launched Kodel, which will blend with wool or synthetics to produce wash-and-wear flannels. Dow Chemical Co. has recently brought out Zefran, another wool-like synthetic to be woven into coats, suits, dresses and sweaters...
Super-Glue. Eastman Chemical Products, a subsidiary of Eastman Kodak Co., has developed a new adhesive that will glue together almost any combination of substances, e.g., wood and steel, is so strong that a single drop can support a 5,000-lb. car on a rig. Unaffected by heat or cold, the Eastman 910 Adhesive sets rapidly without additives or heating...
...Eastman Kodak...
...companies hesitate to talk publicly about their growing air fleets. They fear that stockholders might think the planes are used only for junkets and fishing trips. But few companies will buy, and fewer plane makers will sell, a plane unless it adds to the customer's profit. Eastman Kodak, U.S. Steel, International Business Machines, Firestone Tire & Rubber, Socony Mobil Oil Co and Texas Co. all have fleets ranging from puddle jumpers to four-engined DC-6Bs and turbo prop Vickers Viscounts. They find them worth their cost many times over in shuttling men and equipment around their widely diversified...